Midwestern Gas Transmission Company
Third Revised Volume No. 1
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Effective Date: 09/01/2005, Docket: RP05-393-000, Status: Effective
Sixth Revised Sheet No. 270 Sixth Revised Sheet No. 270 : Effective
Superseding: Fifth Revised Sheet No. 270
GENERAL TERMS AND CONDITIONS
25. REQUESTS FOR SERVICE (Continued)
25.4 Credit Evaluation (Continued)
In the event Shipper cannot provide the information in Subsection 25.4 herein,
Shipper shall, if applicable, provide that information for its parent company.
Company shall not be required to perform or to continue service under any Rate
Schedule on behalf of any Shipper who is or has become insolvent or who, at
Company's request, fails within a reasonable period to demonstrate
creditworthiness; provided, however such Shipper may receive service under any
Rate Schedule if Shipper prepays for such service or furnishes good and
sufficient security, as determined by Company in its reasonable discretion, in
amount equal to the cost of performing the service requested by Shipper for a
three month period.
For purposes herein, the insolvency of a Shipper shall be conclusively
demonstrated by the filing by Shipper or any parent entity thereof (hereinafter
collectively referred to as "the Shipper"), of a voluntary petition in
bankruptcy or the entry of a decree or order by a court having jurisdiction in
the premises adjudging the Shipper bankrupt or insolvent, or approving, as
properly filed, a petition seeking reorganization, arrangement, adjustment or
composition of or in respect of the Shipper under the Federal Bankruptcy Act or
any other applicable federal or state law, or appointing a receiver,
liquidator, assignee, trustee, sequestrator (or other similar official) of the
Shipper or of any substantial part of its property, or the ordering of the
winding-up or liquidation of its affairs, with said order or decree continuing
unstated and in effect for a period of sixty (60) consecutive days.